Dow Surges Over 200 Points; Longboard Pharmaceuticals Shares Jump
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks saw gains with the S&P 500 up 0.8%, driven by a rise in information technology shares, while energy shares experienced a slight decline. Notable stock movements included Tevogen Bio Holdings surging 161% and Verb Technology Company rising 70%.
International Market Trends: European shares closed higher, with the eurozone's STOXX 600 gaining 0.53%, while Asian markets had mixed results, with China's Shanghai Composite Index increasing by 2.07%. No major economic reports were scheduled for release on that day.
Analyst Views on DJT
About DJT
Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its products and services include Truth Social and Truth+. TMTG operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a data center. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack. The Company is also focused on launching Truth.Fi, a financial service and FinTech brand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
